Hall Capital Management Co. Inc. Makes New $4.88 Million Investment in Alphabet Inc. (NASDAQ:GOOGL)

Hall Capital Management Co. Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,793 shares of the information services provider's stock, valued at approximately $4,883,000. Alphabet comprises approximately 2.3% of Hall Capital Management Co. Inc.'s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new position in Alphabet during the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter valued at $39,000. PayPay Securities Corp increased its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Anderson Financial Strategies LLC purchased a new position in shares of Alphabet during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 600 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the completion of the sale, the director now owns 6,813 shares in the company, valued at approximately $1,192,275. The trade was a 8.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,654 shares of company stock worth $26,793,380. Corporate insiders own 11.64% of the company's stock.

Alphabet Stock Up 2.6%

Shares of Alphabet stock traded up $4.43 on Tuesday, reaching $172.90. 37,917,640 shares of the company were exchanged, compared to its average volume of 29,780,742. The stock's 50 day moving average price is $158.67 and its 200-day moving average price is $174.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a market cap of $2.10 trillion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a dividend of $0.21 per share. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's payout ratio is 9.36%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GOOGL. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, April 23rd. BMO Capital Markets reiterated an "outperform" rating and issued a $200.00 target price (down from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and issued a $178.00 price target on shares of Alphabet in a research note on Friday, April 25th. Jefferies Financial Group reduced their price target on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research report on Wednesday, May 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $199.75.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.